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20130224
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is we will reduce spending for $1 for every dollar that we raise the debt ceiling back in august 2011. that's what a lot of folks forget, alex, is that this is the last piece of the august 2011 debt ceiling agreement whereby the president, senate democrats and house republicans said, okay, let's raise the debt ceiling but for every dollar we raise that debt ceiling, we'll lower spending by a dollar. so i am in favor of keeping that agreement. >> but keeping that agreement, if the sequester goes into effect, according to the cbo, it says it will cut u.s. growth in half. it will cost at least 1 million jobs and jobs by extension, consumers, which drive the economy. don't you agree that losing 1 million jobs will be disastrous to the recovery? >> if you turn just to the cbo, the stimulus of three years ago would have solved all of our problems and we would not have had all the difficulties we have today. would have led to tremendous gdp growth. neither does the cbo ever report or take into consideration the impact the huge debt has on the growth of our gdp and job creation. we can have a
to happen and then we're going to have a battle over the government shutdown, the debt ceiling. where does this all end? >> it doesn't end. this is democratic politics in an age where we've made promises we can't keep and intractable budget ceilings we have to bump up. let me give you two examples this week. the navy citing the sequester delayed the deployment of the aircraft carrier "truman" undermining our pledge to have two carrier groups in the persian group to keep pressure on iran. citing the sequester. you telling me the navy can't find other ways to economize without this flamboyant and provocative way of trying to pressure congress? second, this week we learned the agriculture department has a diversity awareness program. it doesn't cost much money, in which they teach the bureaucrats in the agriculture department to refer to the pilgrims as illegal aliens and minorities as emerging majorities. it's a small amount of money but a huge symptom of the utter contempt with which washington treats taxpayers' money. two good reasons right there to go ahead with the sequester. >> mr. spea
Search Results 0 to 3 of about 4 (some duplicates have been removed)